Building a FIrst Class Treasury Function for a Unicorn
Vinted & Orchard Finance
On a mission to make second-hand the #1 choice worldwide. Founded in 2008 in Vilnius Lithuania, Vinted is now the largest online international consumer-to-consumer marketplace in Europe dedicated to second-hand fashion, with a growing member base of 45 million members. The company experienced strong growth and international expansion in recent years. Vinted’s online business model combined with a high growth ambition requires a Treasury department that is value adding to the business. While focus has initially been mainly on the business and growth, now is also the time to take the next step in the maturity of the Treasury function.
During the workshop, the Vinted case study will be the central topic. Esther Goemans-Verkleij will give a short introduction into the general building blocks of a Treasury organization and discuss the evolving role of the Treasury function in today’s world with a more than ever dynamic, changing and demanding environment where Treasury can play an important and strategic role.
Agne Masiulyte, Treasury Director at Vinted, will give insight into the Treasury journey from the foundation of Vinted in 2008 until where the company is now and how the Treasury function has developed along the way. She will provide insight into the challenges and the decisions that were taken during the journey.
Speakers: Agne Masiulyte, Treasury Director at Vinted & Esther Goemans-Verkleij, Partner Treasury at Orchard Finance